b. Prepare a balance sheet as of December 31, 20XY. (Input all answers as positive values. Be sure to list the assets and liabilities in order of their liquidity.) Current Assets Cash Accounts receivable Inventory Prepaid expenses Gardner Corporation Balance Sheet For the Year Ended December 31, 20XY Liabilities $ 19600 Accounts payable 20400 Notes payable 39240 Bonds payable 15300 $ 19750 20400 51500 $ 94540 Current assets Capital assets Plant and Equipment Less: Accumulated amortization $ 91650 $ 345000 53900 Liabilities Shareholders equity Retained earnings Common stock $ S 213000 75000 Net plant and equipment 291100 Total assets $ 385640 Total liabilities and shareholders' equity $ 385640 c. Prepare a statement of cash flows for the year ending December 31, 20XY. (Record the change in the notes payable under the operating activity of Cash flow. Do not leave any empty spaces; input a 0 wherever it is required. Amounts to be deducted should be indicated with a minus sign. Omit $ sign in your response.) Gardner Corporation Statement of Cash Flows For the Year Ended December 31, 20XY Operating Activities: (Click to select) Add items not requiring an outlay of cash: (Click to select) Cash flow from operations Changes in non-cash working capital: (Click to select) (Click to select) (Click to select) (Click to select) Net Change in non-cash working capital Cash (Click to select) operating activities Net Change in non-cash working capital $ Cash (Click to select) operating activities Investing activities: (Click to select) Cash (Click to select) Investing activities Financing activities: (Click to select) (Click to select) 1 Cash (Click to select) financing activities (Click to select) Cash, beginning of year Cash, end of year